PeopleAnswers Acquired by Infor
PeopleAnswers, a predictive talent analytics platform, enables companies to bring science/analytics into their human resources processes.
From the press release:
PeopleAnswers’ cloud-based talent science platform adds analytical rigor to human capital management. Developed by a team of PhDs in behavioral science, this unique cloud service analyzes 39 behavioral traits for job candidates and produces a fit rating. Companies like Audi, Foot Locker, Gold’s Gym, Hertz, Inova Health System, Neiman Marcus, and The Cheesecake Factory can measure significantly reduced turnover, improved customer service, and increased revenue by qualifying applicants more thoroughly and analytically as a result of PeopleAnswers.
According to research, 46 percent of new hires are bad hires and 89 percent of them fail because of attitudinal reasons1. Skills are not predictive of positive outcome for a new hire.
PeopleAnswers scientists invested in big data for over a decade and the data proved that 39 other attributes were more predictive of a new employee’s performance. Those attributes include ambition, discipline, energy, acceptance of authority, attention to detail, flexibility, conscientiousness, and empathy. PeopleAnswers administers statistically significant and consistent online interviews to 20 million applicants annually across multiple industries, job roles, and geographies that measure the 39 performance attributes and create DNA profiles. Those attributes are weighted differently by job role and completely derived from the data.
Financial details of the deal are not being disclosed. Hopefully it was another great win for a Dallas company!